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Desiccant TechnologyTPE:5292 +0.88%97 PB Ratio is 4.12 as of Jul. 23, 2026, which is 14% above its 10-year median of 3.60. GuruFocus rates TPE:5292 with a GF Score™ of 97/100 and a GF Value™ of NT$154.33 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,982 Industrial Products companies, Desiccant Technology ranks worse than 75.35% on this metric.
The historical rank and industry rank for Desiccant Technology's PB Ratio or its related term are showing as below:
TPE:5292'
s PB Ratio Range Over the Past 10 Years
Min: 2.05 Med: 3.6 Max: 5.55
Current: 4.12
During the past 11 years, Desiccant Technology's highest PB Ratio was 5.55. The lowest was 2.05. And the median was 3.60.
TPE:5292's PB Ratio is ranked worse than 75.35% of 2982
companies
in the Industrial Products industry
Industry Median: 2.14
vs TPE:5292: 4.12
During the past 12 months, Desiccant Technology's average Book Value Per Share Growth Rate was 14.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 22.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 25.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.30% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Desiccant Technology was 29.50% per year. The lowest was 2.30% per year. And the median was 18.65% per year.
Back to Basics: PB Ratio
Desiccant Technology (TPE:5292) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Desiccant Technology PB Ratio Related Terms
Desiccant Technology PB Ratio Historical Data
* Premium members only.
The historical data trend for Desiccant Technology's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Pollution & Treatment Controls subindustry, Desiccant Technology's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Desiccant Technology PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Desiccant Technology's PB Ratio distribution charts can be found below:
* The bar in red indicates where Desiccant Technology's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Desiccant Technology (TPE:5292) has a PB Ratio of 4.12 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Desiccant Technology and its competitors. This is 14% above median its historical median of 3.60. Over the past decade, Desiccant Technology's PB Ratio has ranged from 2.05 to 5.55. According to the industry distribution chart, Desiccant Technology ranks #2247 out of 2982 companies in the Industrial Products industry, placing it in the top 75.4%.
Is Desiccant Technology's PB Ratio too high?
Desiccant Technology's current PB Ratio of 4.12 is 14% above median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 5.55. The Industrial Products industry median PB Ratio is 2.14. Desiccant Technology's value of 4.12 is 92.5% above this industry median. Based on the distribution chart, Desiccant Technology ranks #2247 out of 2982 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Desiccant Technology has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Desiccant Technology's PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Desiccant Technology ranks #2247 out of 2982 companies for PB Ratio. This places Desiccant Technology in the lower half of its industry. The industry median PB Ratio is 2.14. Desiccant Technology's value of 4.12 is 92.5% above this benchmark. Historically, Desiccant Technology's own PB Ratio has ranged from 2.05 to 5.55 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 2.14, Desiccant Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.14, based on 2,982 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Desiccant Technology's current PB Ratio of 4.12 is 92.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Desiccant Technology and its competitors. For the Industrial Products industry, the median PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Desiccant Technology's current PB Ratio is 4.12, which is 14% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Desiccant Technology stock overvalued right now?
Based on GuruFocus' analysis, Desiccant Technology (TPE:5292) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$154.33, compared to a current price of NT$171.00 — trading 10.8% above its estimated fair value. The current PB Ratio is 4.12, which is 14% above median its 10-year median of 3.60 and 92.5% above the Industrial Products industry median of 2.14. Desiccant Technology's overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Desiccant Technology (TPE:5292), the current PB Ratio is 4.12 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Desiccant Technology (TPE:5292) Overvalued in 2026?
Based on GuruFocus' analysis, Desiccant Technology stock appears to be overvalued.
The current stock price of NT$171.00 is trading 10.8% above its estimated GF Value™ of NT$154.33.
GuruFocus considers Desiccant Technology to be Modestly Overvalued.
Key valuation signals for TPE:5292:
PB Ratio: 4.12 (14% above median its 10-year median of 3.60)
GF Value™: NT$154.33 vs. price of NT$171.00 (10.8% above fair value)
Industry Position: 92.5% above the Industrial Products median (#2247 of 2982)
No single metric tells the full story. See the TPE:5292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Desiccant Technology Corp engages mainly in manufacturing industrial dehumidification equipment, drying equipment, pollution control equipment, designing installation projects, contracting, and importing and exporting related products. The Group operates in three principal geographical areas - Taiwan, China, and Singapore. It generates the majority of its revenue from Taiwan.
97GF Score
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